Foreign media: Wall Street is aggressively shorting the yuan will battle Sohu finance according to the Wall Street Journal reported that some of the biggest companies in the hedge fund industry is aggressively betting on China currencies. Bass (Kyle Bass) under the command of Hayman Capital Management has sold the most stocks, commodities and bonds, focusing on short Asian currencies, including the renminbi and Hong Kong dollar. This is after a few years ago the success of shorting the US housing market, the company is headquartered in Dallas, the largest and most target for a bet on. Today, the company will be about 85% of the assets are betting that over the next three years will be the devaluation of the renminbi and Hong Kong dollar transactions; it involves betting billions of dollars, including the borrowed funds. Buss said, in terms of investment scale, this is much more than subprime mortgage crisis. Bass thinks that the renminbi will probably decline by as much as 40% in the next three years. Informed sources said the billionaire Druckenmiller (Stanley Druckenmiller) traders and hedge fund managers’ (David Tepper) has been deployed on their positions and bet on Renminbi will fall. Einhorn (David Einhorn) Greenlight Capital Inc. also holds the option to bet on the devaluation of the rmb. China’s residents and foreign investors massively withdraw funds because of the expected weakening of the renminbi. Although China still has $3 trillion and 300 billion of foreign exchange reserves, ranking first in the world, it has suffered massive capital outflows in recent months. Hedge funds bet that China will weaken the renminbi to prevent massive outflows of capital from China and to boost economic growth. Hedge funds, however, are much more risky in front of the renminbi than in the face of market value currencies. China’s state-owned economy gives the government many means of adjustment and a large amount of resources to be controlled. Earlier this year, buy most of Chinese bet state-owned institutions in Hongkong RMB market a large number of foreigners, resulting in Hongkong interbank overnight lending rate soared 66%, financing is difficult for short positions, so the RMB sharply higher. Billionaire investor Soros (George Soros) recently in Switzerland Davos World Economic Forum (World Economic Forum) predicted that China real economy will inevitably suffer a hard landing, after he made such remarks become more tense situation. Soros said that, in view of this, he was bearish on commodity producer currencies and Asian currencies. A few days later, China the state-run Xinhua News Agency published commentary warned that with China monetary authorities to take effective measures for the stability of the RMB exchange rate, those who try to short the yuan "radical" speculators will suffer huge losses. A spokesman for Soros Soros Fund Management and the Soros family wealth management office did not disclose the company’s Forex head.